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Facebook to develop app for television set-top boxes

Wednesday, 1 February 2017

FACEBOOK Inc is creating an app for television set-top boxes, including Apple Inc’s Apple TV.

The world’s biggest online social network is also in discussions with media companies to license long-form, TV-quality programming.

Facebook declined to comment.

An app for set-top boxes would bring Facebook closer to live video and video advertisements.

Getting advertisers to buy more video ads is key to Facebook’s continued revenue growth as such ads fetch higher rates from advertisers than text or photo-based ads.

Live video is also becoming a highly competitive feature on social platforms, with companies competing to stream major sports events and exclusive video components from high-profile events such as the Oscar and Grammy awards shows.

Source by: Internet

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